Non payment of unsecured debt

Gpay said it will not be "burning cash" to fight for a higher market share, but will serve G-Group’s 30 million users currently using various services on its digital ecosystem, which includes peer-to-peer lending firm Tima, digital media firm Beat.vn, and social networking app Gapo. … [Read more...] about E-payment startup Gpay bags funding from South Korean investor

Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth

Hanoi (VNA) – The 13th National Party Congress will mark a new milestone in the development process of Vietnam and its Party, as it will shape the country’s future and propel its international integration, said Nicolas Dervaux, Representative of the Governments of the French-Speaking Community of Belgium and the Walloon Region in Vietnam. The congress is scheduled to run from January 25 to February 2 in Hanoi. In an inclusive interview with the Vietnam News Agency, Dervaux highlighted that a capable team of new leaders will be elected to steer the nation, while new strategies will be passed to accelerate growth in the next five years across all fields from politics, economy to culture. Nicolas Dervaux, Representative of the Governments of the French-Speaking Community of Belgium and the Walloon Region in Vietnam … [Read more...] about 13th National Party Congress – new milestone in Vietnam’s development process

The transition of e-commerce and addressing barriers to digital transformation have been illustrated via the change of business owners, as 71 percent of SMEs in Vietnam said they have adapted to new methods to introduce their products and services to customers since the pandemic broke out, such as setting up e-commerce channels and in delivery. … [Read more...] about Visa supports online firms amid COVID-19 pandemic

Dr Tran Thi Lan Huong of Bayer said: “We are always striving to bring value to local communities and patient outcomes through our innovative medicines, technology and impactful programs targeted at meeting specific areas of high unmet medical needs to offer patient-centered benefits. … [Read more...] about Bayer joins forces with VAMS to raise public awareness on stroke prevention